Key Events This Week
9 Feb: Stock opens at Rs.456.85, Sensex gains 1.04%
12 Feb: Golden Cross formation signals potential bullish breakout
12 Feb: MarketsMOJO upgrades rating to Hold from Sell
13 Feb: Technical momentum shifts amid mixed indicator signals
13 Feb: Week closes at Rs.449.95, down 1.15%
9 February 2026: Modest Opening Gains Amid Broad Market Strength
Himadri Speciality Chemical Ltd began the week at Rs.456.85, marking a 0.36% increase from the previous close. This gain was modest compared to the Sensex’s robust 1.04% advance to 37,113.23 points. The stock’s volume of 73,550 shares indicated reasonable investor interest, though the broader market optimism was not fully mirrored in the stock’s performance.
10 February 2026: Continued Uptrend with Rs.461.00 Close
The stock extended its gains on 10 February, closing at Rs.461.00, up 0.91% on the day. This represented the week’s highest closing price, coinciding with a Sensex rise of 0.25% to 37,207.34. The volume dipped slightly to 62,414 shares, but the price movement suggested short-term bullishness ahead of the technical developments later in the week.
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11 February 2026: Profit Taking Leads to 1.24% Decline
On 11 February, the stock reversed course, closing at Rs.455.30, down 1.24% on the day. This decline contrasted with the Sensex’s continued modest rise of 0.13% to 37,256.72. The volume dropped to 36,319 shares, signalling reduced trading activity amid profit-taking or cautious sentiment ahead of the technical signals expected later in the week.
12 February 2026: Golden Cross Formation and Technical Upgrade
12 February marked a pivotal day for Himadri Speciality Chemical Ltd as it formed a Golden Cross, a significant technical indicator where the 50-day moving average crossed above the 200-day moving average. This event is widely regarded as a bullish signal, suggesting a potential long-term upward momentum shift. Despite this, the stock closed lower at Rs.452.25, down 0.67%, while the Sensex declined 0.56% to 37,049.40.
The same day, MarketsMOJO upgraded the stock’s rating from Sell to Hold, reflecting improvements in technical indicators and financial fundamentals. The upgrade was supported by a Mojo Score increase to 58.0 and a more balanced outlook on quality, valuation, and financial trends. This nuanced upgrade indicated cautious optimism despite the stock’s recent flat quarterly performance and premium valuation metrics.
13 February 2026: Mixed Technical Signals Amid Price Decline
On the final trading day of the week, Himadri closed at Rs.449.95, down 0.51%, extending the week’s decline. The Sensex fell sharply by 1.40% to 36,532.48, reflecting broader market weakness. Technical momentum shifted from mildly bearish to mildly bullish, supported by daily moving averages and a bullish weekly KST indicator. However, longer-term indicators such as the MACD and Bollinger Bands remained bearish or mildly bearish, signalling ongoing caution.
The Relative Strength Index (RSI) showed neutral readings, indicating neither overbought nor oversold conditions. On-Balance Volume (OBV) was bullish on a monthly basis, suggesting possible accumulation despite short-term price weakness. Overall, the technical landscape was mixed, with the stock in a consolidation phase amid sectoral and market volatility.
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-09 | Rs.456.85 | +0.36% | 37,113.23 | +1.04% |
| 2026-02-10 | Rs.461.00 | +0.91% | 37,207.34 | +0.25% |
| 2026-02-11 | Rs.455.30 | -1.24% | 37,256.72 | +0.13% |
| 2026-02-12 | Rs.452.25 | -0.67% | 37,049.40 | -0.56% |
| 2026-02-13 | Rs.449.95 | -0.51% | 36,532.48 | -1.40% |
Key Takeaways
Positive Signals: The Golden Cross formation on 12 February is a classic bullish indicator suggesting a potential long-term uptrend. The upgrade to a Hold rating by MarketsMOJO reflects improved technical and financial fundamentals, including a Mojo Score of 58.0 and a shift from mildly bearish to mildly bullish technical momentum. The monthly On-Balance Volume indicator’s bullish trend hints at institutional accumulation despite short-term price weakness.
Cautionary Factors: Despite the Golden Cross, the stock declined 1.15% over the week, underperforming the Sensex’s 0.54% fall. Longer-term technical indicators such as the MACD and Bollinger Bands remain bearish or mildly bearish, signalling ongoing volatility and uncertainty. The stock’s premium valuation, with a Price to Book Value ratio of 5.6 and a P/E ratio below sector average but still elevated, warrants caution amid flat recent quarterly earnings. Short-term volume declined midweek, indicating reduced trading enthusiasm.
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Conclusion: A Week of Mixed Momentum and Cautious Optimism
Himadri Speciality Chemical Ltd’s week was characterised by a technical milestone in the form of a Golden Cross and a rating upgrade to Hold, signalling a potential shift towards positive momentum. However, the stock’s price declined 1.15%, underperforming the broader market’s modest fall. The mixed technical signals, including bullish daily moving averages but bearish longer-term indicators, suggest the stock remains in a consolidation phase.
Investors should weigh the significance of the Golden Cross and improved technical grades against the caution warranted by flat recent earnings, premium valuation, and ongoing market volatility. The stock’s strong long-term returns and improving technical momentum provide a foundation for cautious optimism, but confirmation of sustained upward trends will be essential before a more decisive bullish stance can be adopted.
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